Stay tuned. Below, you will see your blueprint to get to $50 silver, and soon. The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. During other months, silver and gold prices tend to have more volatility. But now, we can filter a lot of those people towards other instruments, bypassing the air brakes of the trickle of the retail front end supply. Posted September 13, 2022. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Because the idea is that they only provide so much to retail from the mints so they cannot move the markets enough to affect underlying price. Bullion Exchanges is, again, the lowest cost. All information provided for educational and entertainment purposes only. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. ( Kitco News) - Retail investors can expect to continue to pay high premiums for physical gold and silver bullion as the precious metals markets deal with global supply issues and unprecedented demand, according to speakers at the London Bullion Market Association Global Precious Metals Conference. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. "I'm not quite sure I'm at the level. But in advance of these, you see premiums go sky high. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. Thats roughly a 35% premium. Current percentage premium is 44.63%. They may deny you. This is anticipating people wiping out their stocks. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. This premium can also be expressed as 20% over spot. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. But it seems like the silver premium is up more these days than even just a few years ago. Rollover Your IRA to Silver - LEARN MORE Gold and Silver - Why Every Prepper Must Own It Owning gold and silver as a Prepper can be the lifeblood of your survival. As the official silver bullion coin of the United States, the 1 oz American Eagle Silver Coin has enjoyed a high level of prestige among precious metals investors at home and abroad. UPDATE 5/13/22 @ 8:15 AM EST: The Physical Silver Premium is at the highest point since I have been keeping track I started this website in April 2020. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. Why are silver premiums so high 2021. Inheritance has increased its price by more than $10.00/tube $727.21. UPDATE 1/28/21 @ 12:00 NOON EST: Physical silver premium declined into the low 18% range until the evening of 1/29/21 when it moved above 19%. On the morning of 6/1/20 the premium went below 45% but then jumped back up in the evening because Bullion Exchanges was no longer selling in quantities more than 10. What a nightmare to go through it. If you sell sausage, and theres a shortage of sausage from the suppliers, it doesnt matter if there are 23 billion pigs on the planet, its still a shortage. by. There are very few offers in quantity on Ebay and APMEX is now the lowest cost dealer at a premium of $12.45/48.20% per coin. The talking heads of the world stop talking like 25B oz is available. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. The Physical Silver Percentage Premium has also dipped below 40%. I had to go the second page of Ebay results to find the lowest cost. Plus, silver has the added advantage of being a widely used industrial metal. These silver products all come from name-brand minting and refinery companies. Get your metals now. At $28, no one is likely to run to the coin shop with grandmas silver. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. Meanwhile, theres a line a block long in line to buy. Why is silver trading so high? In February 2023, the Fed raised rates by just 25 basis points, the smallest hike since March 2022, as Chair Jerome Powell said the process of disinflation has begun. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. Percentage premium is 58.90%. UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% it now stands at 57.83%. Is there any justification for this? (Updated 2022). , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? Im writing about this as a rabid silver enthusiast who has purchased silver now in probably 5 different forms from bars/coins to PSLV to Kinesis to mining stocks to OneGold. Edit: Im aware 1,000 oz bars are not going through your local coin shops I just wanted to show a point of sale before things go to the refineries to then be turned into finished products. If you want $100 and $200 silver, look at the chart above. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. Ordinarily, the more popular bars, rounds, and coinsthe ones for which you may pay a slightly higher premiumare also more widely recognized and in demand. ), cryptocurrency (dont forget FTX! UPDATE 6/23/21 @ 12:30 PM EST: The physical silver premium has been above 50% since 6/20/21 because Arlington Coin was the lowest cost dealer (this individual/company does not modify its prices to reflect the spot market on a regular basis like all other dealers do). The increased demand has thus pushed silver premiums to higher levels. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. Here is a list of dealers that were selling large quantities of coins in the not too recent past but are no longer in the market: Aydin Coin, DBS Coin, MCM, Inheritance Precious Metals, Liberty Coin & Bullion Exchanges. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. Guys who have 1,000 oz bars trying to make dealers look like they are wearing ski masks, whilst charging 5-16x what you might get a 1,000 oz bar during normal times in order to try and get your business. First, a proof coin is simply more expensive to make. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Rates for 2022 will be finalized later this month, Baillio said. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. Often retail priced new around $2.50 oz USD to often time many more US dollars over the fluctuating silver spot price (depending on silver bullion market conditions), the 1 oz American Silver Eagle coin is often the most expensive of all the high volume minted and sold government-guaranteed silver bullion coins being sold in the world.. The physical silver premium broke below 35% on 6/25/20. In a May 2021 interview, when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. Thats a 50% premium. If you talk to some people who sell 1,000 oz bars theres no shortage of them. There are no shortage at the timber level, but refining it into lumber is the bottleneck. These types of things tell me theres a lack of supply at the finished goods segment of this but price point is also something you need to take into consideration. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. I say that because the next available offer ($769.00) is from MCM which has almost 200 rolls of eagles available for sale but with a delayed delivery date (8/24/20). The massive amount of available silver has not been met with heightened demand, which has kept prices low. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. Yeah, that seems to make sense . As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. When Palladium broke the tampy tamp, then it went nuts. To some experts, it explains why the U.S. is experiencing its highest inflation rate since 1982. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. UPDATE 3/16/21 @ 2:00 PM EST: The physical Silver Eagle premium has jumped over 3% since yesterday morning from about 32% to 35%. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. Is Silver Already Worth $40 - Why Are Premiums On Physical Bullion So High? UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. But anyone, really, can go to the COMEX today and take off millions of ounces. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. The common mistake is just trying to go after retail. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! This is why they need tampy tamp. Full-price premiums in Nebraska are increasing by more than the national average for 2022, with an average increase of a little less than 9%. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. The next best deal is a 40-coin lot from Bullion Exchanges. Inventory shortages almost always happen during periods of dramatically falling spot prices. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. Junk silver coins were (and still are) legal tender and minted for general circulation. This then goes to distributors who have a mark up, then get to the end dealer to sell. People are learning now (if they didnt during the worst years of the Great Recession a decade ago) that housing prices dont always just go up. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. By continuing to browse the site, you agree to our use of cookies. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . UPDATE 8/31/20 @ 7:45 PM: Physical premium is at its lowest point since I started tracing its value during the start of the Corona Virus Pandemic scare. If you look at the spot price of silver at this moment, its somewhere around $28. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. And then trying to lecture me that theres no shortage. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. By 1/19/21 (evening) it had moved back into the 19% range. UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. It is also harbored by preppers and survivalists who believe silver has trading potential should the monetary system as we know it collapse. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." Your email address will not be published. 3,273. These retail companies have a business to run. Let me also be clear. And perhaps go Palladium and hit $100-$200 silver beyond that. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. The current premium on American Silver Eagles is at historic levels. Consider whats happening over the last several months, though. There was a very large surge in premium on the afternoon of 7/29/20 (to 47.20%) because the low cost dealers only had 10 or fewer 20-coin lots for sale. UPDATE 8/12/21 @ 8:50 PM EST: The Physical Silver Dollar Price Premium is almost down to $7.00/coin and the percentage premium is about 30%. How to prepare against a currency collapse. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. Don't be the last to know about the latest deals I wouldnt trust them at all.. Are dealers being greedy and ripping stackers off? Buy PSLV or another ETF that you trust. This may have something to do with what is happening on the Robinhood platform. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. Below, you will see your blueprint to get to $50 silver, and soon. High premiums are proof that stackers were wise to stack all these years. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. THAT is in 1,000 oz bars. Watch on Black Friday is now Silver Friday thru December 23, 2021! I believe gold kicks in the door, but silver moves faster and further. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. I think not lets take a look at what it actually DOES store! The current premium has declined to 44.02%. In times of normal conditions, Ive heard experts state that you can get a 1,000 oz bar from the COMEX at $.10 to $.20 over spot. Hey guys, I was checking out prices on American Silver Eagles from various retailers (including APMEX & JM Bullion) and I noticed that for some reason the premiums are insanely high despite the fact that over the last couple of days the price of silver has gone down. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? fretboard, Feb 10, 2021. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. The truth is they have a spigot providing them small amounts than cannot keep up with demand. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. What are other options to drain the COMEX, so to speak? UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. The coin is struck using special dies. Companies involved in silver mining rarely do so as their main objective. The high point of that squeeze was 66.48% on 1/31/21. UPDATE 3/20/21 @ 1:45 PM EST: Sometime over the past 24 hours, DBS Coin finally came in with a low offer for Silver Eagles which has brought the premium all of the way back down to the mid 30% range. Than can not keep up with demand terms on popular silver bullion products browse the site, you agree our... 5 minutes knows that the larger the quantity, the lower the premium on American Eagle... Purposes only heads of the Investing News Network and do not reflect the opinions expressed in these do... 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